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Featured Question
- Question: I own a small Telco business and I am looking for funding options. We have been in business for 3 years and posted a profit last year on about 400k gross revenue. I am looking for good small business funding sources, and I'm open to all options. I am also considering selling some shares of my company. Can anyone recommend firms that do business valuations?
- Answer: Many states have development agencies that provide funds under very, very favorable terms ( I know the ones in Connecticut if it's relevant to you). There are both Angel money and VC money if you can demonstrate a unique value. There are banking companies (like Horizon Tech & Silicon Valley Bank) that can provide debt financing and that understand small, start-up businesses ( I have contacts for them, if it's relevant to you). In some locals, there are some more agressive banks that will debt finance smaller early stage companies (HBSC comes to mind in the NJ,NY,CT area).
What's the big deal with the AIG bailout? The U.S. has presses, ink and paper to print $85 billion in less time than it takes a metro daily to do an early-edition press run.
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